Question
Myers Corporation has the following data related to direct materials costs for November: actual cost for 4,610 pounds of material at $5.00 and standard cost
Myers Corporation has the following data related to direct materials costs for November: actual cost for 4,610 pounds of material at $5.00 and standard cost for 4,470 pounds of material at $6.00 per pound.
The direct materials price variance is
a.$4,610 favorable
b.$840 favorable
c.$840 unfavorable
d.$4,610 unfavorable
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Financial Accounting
Authors: Michael J. Jones
2nd Edition
1119977150, 978-1119977155
